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Employee Retention Tax Credit Updated, Expanded for Q1 and Q2 of 2021

Monday, March 29th, 2021

From NFIB:

If you’re a small business owner, talk to your tax professional or bookkeeper soon about taking advantage of the expanded Employee Retention Tax Credit (ERTC). If you don’t have a CPA or tax professional, you can check the AICPA or NAEA to find one in your area.

Enacted in December 2020, the new COVID-19 economic recovery law, the Consolidated Appropriations Act (CAA) of 2021, extends the ERTC program through June 30, 2021, offers a more generous tax credit, and eliminates a previous restriction for those with a Paycheck Protection Program (PPP) loan.

Click here for more information from NFIB.